Altcoins will die due to Bitcoin bull run(ETF, big institutional investors)? - page 5.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: w33man on July 23, 2018, 07:06:33 PM

Quote from: jt byte on July 23, 2018, 03:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

No, it is normal for altcoins to bleed once the bitcoin price starts to rise. Once bitcoin price became stable and increased, the altcoin price will start recovering, investors will buy back on altcoins. Some altcoin might die, especially those who have no working product or no real purpose.

This is quite true and in fact am surprise that people can still get surprised with what can be the latest trends with Bitcoin and the whole cryptocurrency market. This is a roller-coaster type of a market where we should be expecting the unexpected at all times. In other words, this is just a natural occurrence and soon things will start to be balancing off...soon there will be time where the alts can be recovering especially those which are considered to be good projects. We will just have to relax and wait for it!

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: yonton on July 28, 2018, 07:11:43 PM

Quote from: muncuss on July 28, 2018, 06:59:04 PM

those institutional investor who only enter bitcoin is for speculational purpose only, they will likely dump their holding after bull season end. those alt which have strong fundamental and have real usecase will remain strong.
you can't just say "die" easily only because the price get dumped

Quite the opposite, ETF institutional investors are strong hands long term investors. Even the short term traders are not all going to buy and sell at the same time, they will also permanently increase the price of bitcoin just by trading in the market. More liquidity, more demand and less supply all around.

just FYI the investors in ETF (or if you like to call them "institutional investors") aren't buying bitcoin. they are investing in ETF which is not exactly bitcoin and whether they buy it, hold it, sell it, panic sell, FOMO buy,... none of it will ever affect the bitcoin price because they are not buying bitcoin and what they do is not happening on exchanges, instead it is happening elsewhere!

yonton

sr. member

Activity: 854

Merit: 262

Quote from: muncuss on July 28, 2018, 06:59:04 PM

those institutional investor who only enter bitcoin is for speculational purpose only, they will likely dump their holding after bull season end. those alt which have strong fundamental and have real usecase will remain strong.
you can't just say "die" easily only because the price get dumped

Quite the opposite, ETF institutional investors are strong hands long term investors. Even the short term traders are not all going to buy and sell at the same time, they will also permanently increase the price of bitcoin just by trading in the market. More liquidity, more demand and less supply all around.

muncuss

full member

Activity: 747

Merit: 102

those institutional investor who only enter bitcoin is for speculational purpose only, they will likely dump their holding after bull season end. those alt which have strong fundamental and have real usecase will remain strong.
you can't just say "die" easily only because the price get dumped

BartS

sr. member

Activity: 980

Merit: 255

Quote from: jt byte on July 23, 2018, 03:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

Not all altcoins are going to disappear but I have no doubt that we are about to witness the death of many altcoins, I will not miss any of those coins that are completely useless but there are some good projects that may be caught in the crossfire and could disappear if there is no interest coming from the community, because I agree with what you say in your post, institutional investors are not going to take the risk of investing in an unknown altcoin, they are going to buy only bitcoin and at most some selected altcoins like ethereum and litecoin.

hitrawal91

full member

Activity: 462

Merit: 101

BitcoinSN - The Real Bitcoin!!!

Yes, right now the bitcoin is having the majority of dominance in the cryptocurrency market and i believe that right now every investor are selling their altcoins and moving their investment from altcoins to Bitcoins and because of this the altcoins are under big panic fall and many altcoins are near to washout Zero price level. Many low-value coins will soon wipeout from the market.

Pikachu12

full member

Activity: 435

Merit: 100

Quote from: pey on July 28, 2018, 06:37:04 AM

They will all rise because ETF is also good for altcoins, when capital flow into bitcoin those investors will also be interested in altcoins, that may be only true for the short term.

I agree with your thoughts. If the ETF accepts Bitcoin, then altcoin will benefit greatly if that happens. Everyone is thinking negative for altcoin but I do not because every day there are new altcoin appear with much better technology than Bitcoin and Ethereum. Keep in mind only the new altcoin can help you become rich in this market

rayk

full member

Activity: 448

Merit: 100

I hope they will die but not all of them will die for sure, it is also good for good altcoins because I really dislike shit overvalued altcoins who get others' money Undecided

blackandred

newbie

Activity: 154

Merit: 0

study the history of encryption. u will find a rule. Bitcoin just started to rise. altcoin's performance is not very good. as long as Bitcoin is stable. altcoin will break out and their growth rate far exceeds the growth rate of bitcoin

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Many alts will die if the ETF will be approved but the biggest alts will stay calm and can still ride the hype.

While bitcoin will soar and that's a given and solid belief by most of the crypto enthusiasts.

pey

sr. member

Activity: 546

Merit: 251

Free Crypto in Stake.com Telegram t.me/StakeCasino

They will all rise because ETF is also good for altcoins, when capital flow into bitcoin those investors will also be interested in altcoins, that may be only true for the short term.

Sony.UK

full member

Activity: 532

Merit: 103

Quote from: wiro212 on July 24, 2018, 08:55:44 AM

I think it's natural, because when the price of bitcoin goes up, the altcoin will go down. and after the bitcoin price stabilizes, altcoin prices will rise slowly.

The correct market hype depends on Bitcoin so altcoins are fastly growing in this moment but totally abnormal in market because Bitcoin is moving faster than altcoin so many investors are confused in this scenario. I hope market is positive in Bitcoin so others are growing in soon but still some peoples are buying altcoin so both are good growing platform.

Qegarma

member

Activity: 238

Merit: 10

ETF is now a days hot topic in crypto market and because of this hype we are able to see hike in market after couple of months.
ETF is something connected with secure investment that means there will no chances of loss and if it happens the that company will handle it. This is a very important factor which will bring millions of user to crypto as they will not have fear to invest in crypto due to its volatile nature.

WhaleTank

jr. member

Activity: 172

Merit: 2

1 of 10 alts grow with BTC, but it's hard to catch it
I'd rather hold my portfolio and trust to guys who are better in that then me
Also, i have some amount of money so i do intraday trading
WhaleTank in Telegram

wiro212

sr. member

Activity: 700

Merit: 260

I think it's natural, because when the price of bitcoin goes up, the altcoin will go down. and after the bitcoin price stabilizes, altcoin prices will rise slowly.

wojteks102

sr. member

Activity: 616

Merit: 251

Quote from: spirali on July 23, 2018, 06:32:14 PM

Or... "Bitcoin (BTC) ETF Hype Could Be A Whale Ploy To Lower Altcoin Prices Before The Next Rally". See https://cryptodaily.co.uk/2018/07/bitcoin-btc-etf-hype-could-be-a-whale-ploy-to-lower-altcoin-prices-before-the-next-rally/

Yes and no. Yes, because the prices are really low now (compare to btc) and they're still dropping like crazy.
No, because the Bitcoin will gain the power firstly, than (maybe) altcoins... we will see.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: jt byte on July 23, 2018, 03:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

Bitcoin gaining 47% out capital market does not in anyway make the altcoin market to bleed cause has already gain the higher percent of market capital right from the beginning and every altcoin thats is bleeding right now definitely don't have the right utility anymore cause the game in the market automatically changed right after the market correction. Besides, the Chinese manipulation is not helping the altcoin market either.

blacktux88

member

Activity: 308

Merit: 10

i could also be possible that alts will oriented to an ither coin maybe eth price ß

what do you think guys ?

thanks Huh

Quote from: w33man on July 23, 2018, 07:06:33 PM

Quote from: jt byte on July 23, 2018, 03:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

No, it is normal for altcoins to bleed once the bitcoin price starts to rise. Once bitcoin price became stable and increased, the altcoin price will start recovering, investors will buy back on altcoins. Some altcoin might die, especially those who have no working product or no real purpose.

JCLee

full member

Activity: 280

Merit: 100

If altcoin can die just because of Bitcoin price increasing so I think it happened last year already

. I don't think this case can happen cause Bitcoin price can't keep increasing till the end of this year

. It'll rise back to around $15.000 then it'll be turn of altcoin to rise. If Bitcoin rise directly to $50k so I think the only cryptocurrency can survive is BTC and everyone will quit this market

.

sehoon

full member

Activity: 840

Merit: 101

There is always a possibility that an altcoin can die anytime. And I think the bull run might cause some altcoins to grow since some of them really depends on the price of bitcoin. If an altcoin have a bad project development behind it, then it will surely die. Meanwhile, if the team continues to support their coin, the swing of bitcoin might cause that coin to push further as well. We we're able to notice this last 2017.

Topic: Altcoins will die due to Bitcoin bull run(ETF, big institutional investors)? - page 5. (Read 857 times)